FIRSTSERVICE CORP. $31.20 - Toronto symbol FSV

FIRSTSERVICE CORP. $31.20 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 28.9 million; Market cap: $1.0 billion; No dividends paid) is expanding further into Western Europe through its Colliers International commercial real estate sales division. Colliers has just acquired controlling interests in two firms in Germany and one in the Netherlands. All are leaders in their respective markets.

European real estate markets have weakened along with the region’s economies, and now is a good time to make acquisitions.

FirstService is a hold.

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